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Popular crypto exchange Coinbase will launch bitcoin and ethereum futures contracts for institutional investors on June 5, the company said on its website.
The company will launch these products through the CFTC-regulated Coinbase derivatives exchange, which promises lower fees than other US-regulated derivatives exchanges.
BTI and ETI for Institutional Investors
Coinbase has partnered with leading FCMs (Futures Commission Merchants), brokers and front-end providers to provide institutional customers with seamless access to these contracts.
“Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts will be accessible through major third-party institutional futures commission merchants (FCMs) and brokers.” statement Said.
To help investors manage their portfolios effectively, BTI and ETI will be available in 1 bitcoin and 10 ether contracts.
The decision to launch these futures contracts follows the earlier launch of Nano Bitcoin (BIT) and Nano Ether (ET) contracts.
Coinbase said, “With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants to manage crypto exposure with greater precision, express directional views or track bitcoin and ether returns.” ”
Coinbase Looking Beyond the US
Over the past two months, Coinbase was in the news for seeking a friendlier jurisdiction for its entire offering. As part of this effort, it has License In Bermuda, where a crypto regulation is in place since 2018.
Based in Bermuda, the company launched Coinbase International Exchange, a derivatives exchange offering perpetual futures contracts, for non-US institutional investors. Furthermore, Coinbase is believed to be evaluating options in the European Union and the UK to set up its base.
Although Coinbase says it remains committed to the US, its disillusionment with the world’s largest crypto market came to a head recently when regulators indicated they may investigate the company’s staking services, calling them unregulated securities.
while Coinbase has refuted In line with these claims, regulatory scrutiny of crypto firms in the US has become more intense over the past few months, especially after the collapse of FTX. With the prolonged recession keeping crypto firms in check, large entities like Coinbase must look beyond the US to maintain their leadership position in the crypto business.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
Popular crypto exchange Coinbase will launch bitcoin and ethereum futures contracts for institutional investors on June 5, the company said on its website.
The company will launch these products through the CFTC-regulated Coinbase derivatives exchange, which promises lower fees than other US-regulated derivatives exchanges.
BTI and ETI for Institutional Investors
Coinbase has partnered with leading FCMs (Futures Commission Merchants), brokers and front-end providers to provide institutional customers with seamless access to these contracts.
“Coinbase Bitcoin (BTI) and Coinbase Ether (ETI) futures contracts will be accessible through major third-party institutional futures commission merchants (FCMs) and brokers.” statement Said.
To help investors manage their portfolios effectively, BTI and ETI will be available in 1 bitcoin and 10 ether contracts.
The decision to launch these futures contracts follows the earlier launch of Nano Bitcoin (BIT) and Nano Ether (ET) contracts.
Coinbase said, “With the launch of these institutional-sized USD-settled contracts, we look to empower institutional participants to manage crypto exposure with greater precision, express directional views or track bitcoin and ether returns.” ”
Coinbase Looking Beyond the US
Over the past two months, Coinbase was in the news for seeking a friendlier jurisdiction for its entire offering. As part of this effort, it has License In Bermuda, where a crypto regulation is in place since 2018.
Based in Bermuda, the company launched Coinbase International Exchange, a derivatives exchange offering perpetual futures contracts, for non-US institutional investors. Furthermore, Coinbase is believed to be evaluating options in the European Union and the UK to set up its base.
Although Coinbase says it remains committed to the US, its disillusionment with the world’s largest crypto market came to a head recently when regulators indicated they may investigate the company’s staking services, calling them unregulated securities.
while Coinbase has refuted In line with these claims, regulatory scrutiny of crypto firms in the US has become more intense over the past few months, especially after the collapse of FTX. With the prolonged recession keeping crypto firms in check, large entities like Coinbase must look beyond the US to maintain their leadership position in the crypto business.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
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